Market Size of Middle East & Africa Flavors & Fragrances Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.75 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Middle East and Africa Flavors & Fragrances Market Analysis
Middle-East and Africa Flavor and Fragrance Market is projected to grow at a CAGR of 6.75% over the forecast period.
Middle-East food manufacturing and processing sector witnessed rapid growth in the past ten years. The strong support from the government, direct subsidies, long-term interest-free loans, duty-free imports of raw materials, and highly subsided utilities are the factors that prompted the industries to enter the food ingredients market. Moreover, the increase in demand for different flavorings, high demand for authentic and natural flavorings, change in lifestyle, and increased demand for healthy and natural food flavorings coupled with an increase in the research and innovation by the manufacturers and expansion of the food industry is driving the flavor and fragrance market.
The rapid growth of the food processing sector provides good export opportunities for the U.S. suppliers of bulk and intermediate products, as most of these Middle-East companies rely heavily on imported raw materials and food ingredients, including food flavors. As some flavors are country and region-specific, the manufacturers are constantly innovating to introduce new products in the market to capture the major market share. However, due to the presence of limited natural resources to extract flavors, new entrants often face challenges in the flavor industry.
